Is Matsuzawa in Pingshan, Shenzhen bankrupt?

Matsuzawa, Pingshan, Shenzhen went bankrupt. The office address of Shenzhen Songze Cosmetics Co., Ltd. is located in Pengcheng District, Shenzhen, China Special Economic Zone and pingshan town, Longgang District, Shenzhen, Guangdong Province, China. Since its establishment, the company has developed rapidly and its business has continued to grow. On April 7, 2020, Matsuzawa Cosmetics (Shenzhen) Co., Ltd., which had 10,000 employees at its peak and was a leading domestic cosmetics enterprise, issued a notice on employee placement, to the effect that due to the double blow of COVID-19 epidemic and Sino-US trade war since October 8, the company continued to suffer losses and financial overdraft. In this context, Songze (Shenzhen) Company decided to transfer its equity, and the Shenzhen factory will be completely closed from May 2020 17.